Gold and silver prices started the week with moderate rises: gold price reached a new high of $1,614, and silver price reached the highest price level since May 3rd; crude oil prices on the other hand started the week with moderate falls; natural gas spot price (Henry Hub) also declined.
Here is a summary of the price movements of precious metals and energy commodities for July 25th:
Precious Metals prices:
Gold price rose again for the second straight business day by 0.81% to $1,614. Silver price also inclined on Monday by 0.6% to reach $40.36.
During July, gold prices increased by 7.4% and silver price by 15.9%.
The EURO/ USD changed direction and moderately rose by 0.13%, as the USD depreciated against the EURO. During July the EURO/USD fell by 0.9% compared with the rate at the beginning of the month.
Oil and Gas prices:
WTI Spot oil price lost 0.67% from its value yesterday and settled at $98.97 per barrel; during July the WTI spot oil price inclined by 3.7%.
Brent spot price also fell by 0.71% to $117.45 per barrel.
Due to these shifts the difference between Brent and WTI slightly fell to $18.48/bbl.
Natural gas Henry Hub future price (August delivery) declined by 0.45% to $4.38/mmbtu. The Henry Hub spot price also fell by 0.22% to $4.45/mmbtu; the gap between the spot and future price fell to -$0.07, i.e. backwardation. During July, natural gas spot price (Henry Hub) inclined by 4.0%.
A summary of yesterday’s Prices Changes:
The table below includes: closing prices, daily percent change, and change in US dollars (except for USD/CAD, in which the change is in Canadian dollars):
For further reading:
Monthly Analysis and Outlook: